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bepop12345

03/17/11 10:57 AM

#3169 RE: MGTY1 #3168

It is cleaning up...:o} Soon something will be known.

kateric10

03/17/11 2:30 PM

#3171 RE: MGTY1 #3168

but that was way back in 2008 right?

NY73

03/18/11 3:04 PM

#3176 RE: MGTY1 #3168

This document is from last year, pre-asset sale. Note the checkbox on how much they said company assets were worth: $500M. Yeah right. It wasnt' worth that then, and it sure as hell isn't worth that now. Remember, definition of assets in BK does NOT include NOLs, as they can't be sold and distributed to creditors or shareholders. They have a lot of value if the company stays intact and moves forward, but they are not an asset in strict sense of the term.